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The Williams Companies (WMB) Up 6.4% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-04 16:35
A month has gone by since the last earnings report for Williams Companies, Inc. (The) (WMB) . Shares have added about 6.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is The Williams Companies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Williams Q2 Earnings Bea ...
Gas Fuels AI Data Centers: Pipeline Stocks WMB, ENB, KMI to Gain?
ZACKS· 2024-09-03 19:45
With the demand for data processing increasing due to the rapid expansion of artificial intelligence (AI) applications, data centers are facing unprecedented energy challenges. Natural gas is emerging as a pivotal solution in the power strategies of these facilities, offering the reliability, scalability and economic viability needed to support continuous and intensive data processing operations.Integrating natural gas with renewable energy sources allows data centers to balance sustainability goals with op ...
The Williams Advantage - A 4%-Yielding Mission-Critical Income Play
Seeking Alpha· 2024-08-19 17:49
TimArbaevIntroduction "What about WMB?" This is a question I get a lot when covering midstream companies. Since the pandemic, we have discussed many midstream opportunities, as I have become a huge fan of the industry - especially because of its potential to deliver both income and growth. Before the pandemic, most midstream companies were money-losing corporations unloved by investors and pressured by extreme commodity price volatility. Back then, there was truly not a good reason to buy midstream oper ...
Williams (WMB) Q2 Earnings Beat Estimates, Revenues Lag
ZACKS· 2024-08-12 10:50
The Williams Companies, Inc. (WMB) reported second-quarter 2024 adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 39 cents. The Transmission & Gulf of Mexico and West segments delivered strong year-over-year results, leading to the outperformance. The bottom line also marginally increased from the year-ago period’s level of 42 cents per share despite the weak year-over-year performance of the Northeast G&P Segment.Williams’ revenues of $2.3 billion missed the Zacks Consensu ...
Williams(WMB) - 2024 Q2 - Earnings Call Transcript
2024-08-06 16:14
Williams Companies, Inc. (NYSE:WMB) Q2 2024 Earnings Conference Call August 6, 2024 9:30 AM ET Company Participants Danilo Juvane - VP, IR Alan Armstrong - President, CEO & Director John Porter - SVP & CFO Micheal Dunn - EVP & COO Chad Zamarin - EVP, Corporate Strategic Development Lane Wilson - General Counsel Conference Call Participants Praneeth Satish - Wells Fargo Jeremy Tonet - JPMorgan Spiro Dounis - Citibank Manav Gupta - UBS Neal Dingmann - Truist Securities Zack Van Everen - TPH & Company Robert C ...
Williams(WMB) - 2024 Q2 - Quarterly Report
2024-08-05 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 1-4174 THE WILLIAMS COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware 73-0569 ...
Williams(WMB) - 2024 Q2 - Quarterly Results
2024-08-05 20:16
Exhibit 99.1 Williams (NYSE: WMB) One Williams Center Tulsa, OK 74172 800-Williams www.williams.com News Release DATE: Monday, August 5, 2024 MEDIA CONTACT: INVESTOR CONTACTS: media@williams.com (800) 945-8723 Caroline Sardella (918) 230-9992 Danilo Juvane (918) 573-5075 Williams Delivers Strong Second-Quarter Results TULSA, Okla. – Williams (NYSE: WMB) today announced its unaudited financial results for the three and six months ended June 30, 2024. Financial results build on track record of year-over-year ...
Earnings Preview: Williams Companies, Inc. (The) (WMB) Q2 Earnings Expected to Decline
ZACKS· 2024-07-29 15:06
Company Overview - Williams Companies, Inc. (WMB) is expected to report a year-over-year decline in earnings of 7.1%, with an estimated earnings per share (EPS) of $0.39 for the quarter ended June 2024 [2] - Revenue is projected to be $2.72 billion, reflecting a 9.6% increase from the previous year [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 1.47% higher in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for Williams Companies is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.06%, suggesting a bearish outlook from analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [4] - Williams Companies currently holds a Zacks Rank of 3, making it difficult to predict an earnings beat conclusively [5][6] Historical Performance - In the last reported quarter, Williams Companies exceeded the expected EPS of $0.49 by delivering $0.59, resulting in a surprise of +20.41% [7] - Over the last four quarters, the company has consistently beaten consensus EPS estimates [7] Industry Context - Enbridge (ENB), a peer in the Oil and Gas - Production and Pipelines industry, is expected to report an EPS of $0.46, reflecting a year-over-year decline of 9.8% [9] - Enbridge's revenue is anticipated to be $4.28 billion, down 44.9% from the previous year, with an Earnings ESP of -0.31% [9]
U.S. will fall behind in the AI race without natural gas, Williams Companies CEO says
CNBC· 2024-07-19 17:56
In this articleWMBAlan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe U.S. will fall behind in the artificial intelligence race if it does not embrace natural gas to help meet surging electricity demand from data centers, the CEO of one of the nation's largest pipeline operators told CNBC."The only way we're going to be able to keep up with the kind of ...
Why The Williams Companies (WMB) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-07-11 17:11
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Williams Companies, Inc. (The) (WMB) , which belongs to the Zacks Oil and Gas - Production and Pipelines industry, could be a great candidate to consider.This pipeline operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of ...